India's Paytm tumbles following plan to curtail low-value personal loans

India's Paytm tumbles following plan to curtail low-value personal loans

FILE PHOTO: Paytm app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration

India’s Paytm plunged as much as 20% in early trade on Thursday, a day after the digital payments firm said it will issue fewer sub-50,000-rupee (about $600) personal loans after the central bank tightened rules on consumer lending.

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